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Proshares UltraShort Ether ETF(ETHD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ETHD
09/18/2026: ETHD (1-star) is currently NOT-A-BUY. Pass it for now.
The Proshares UltraShort Ether ETF (ETHD) provides short-term traders with -2x daily inverse exposure to the price of Ether using derivative instruments. Its main strength lies in its ability to offer convenient bearish exposure to Ether via standard brokerage accounts, managed by an experienced issuer. It is primarily used as a tactical tool for active market participants rather than a long-term investment. Key risks include extreme price volatility, the erosion of value caused by daily compounding, and significant exposure to the cryptocurrency sector's inherent regulatory and structural instability. It is best suited for experienced, active traders who monitor the market closely and possess a high risk tolerance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This product is designed for short-term trading rather than long-term growth compounding. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may use this to capitalize on rapid downward price movements in Ether. |
| Value investor | Weak fit | This is a speculative derivative-based product unsuitable for traditional value-based analysis. |
| Dividend/Income investor | Weak fit | This fund does not provide dividend income and is not intended for income-focused portfolios. |
| Low-risk investor | Weak fit | The leverage and inverse nature of the fund create extreme risk levels unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
Sophisticated, active traders with a high risk tolerance and a short-term horizon who understand the mechanics of inverse leveraged ETFs.
Suitability
This fund is specifically for active traders; it is not suitable for long-term investors due to the negative impact of daily rebalancing and compounding decay.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily compounding of a -2x exposure can lead to rapid and extreme capital erosion during volatile sideways markets. |
| Market risk | High | The fund's performance is directly tied to the highly volatile Ether market. |
| Concentration | High | The portfolio is concentrated entirely on the performance of a single digital asset. |
| Tracking/expense | Medium | Derivative costs and the mechanics of daily rebalancing impact the fund's ability to track its stated objective perfectly. |
| Liquidity | Medium | Liquidity can tighten significantly during extreme crypto market stress, increasing trading costs. |
| Business/sector quality | High | The cryptocurrency sector remains subject to evolving regulatory uncertainty and structural risks. |
Risk Analysis
Volatility
ETHD experiences extreme volatility inherent in its -2x leverage structure, leading to rapid changes in net asset value.
Market Risk
Market risk is significant as the fund is susceptible to both the base volatility of Ether and the compounding decay of leveraged daily returns.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Ether (ETH) — seeks -2x daily return | 95 | The fund uses derivatives to provide inverse exposure to Ether price movements. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash and high-quality liquid assets are held as collateral to support the derivative positions. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type ETF | Historic Profit -66.36% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/18/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 15, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $52.78M |
| Issuer | ProShares |
| Expense Ratio | 99% |
| Distribution Yield | 16.78% |
| Inception | Jun 6, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | -36.59% |
| 1 Year | +3.87% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 110.88% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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